Ossian State Bank in Ossian, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Ossian State Bank in Ossian, Indiana (IN)
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Ossian State Bank - Overview

  • General
  • FDIC Certificate #: 1837
    Status: Active
    Federal Reserve ID: 948643
    Bank Holding Company (Regulatory Top Holder): Ossian Financial Services, Inc. (RSSDID: 1138375, Location: Ossian, IN)
    Date Established: October 19, 1912
    WWW: http://www.ossianstatebank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 1223
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: January 02, 2008
    Last Structure Change Process Date: January 14, 2008
    Last Data Update: January 14, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 102 North Jefferson Street, Ossian, IN 46777
    County: Wells
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Indianapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Fort Wayne, IN (#2760)
    Combined Statistical Area (CSA): Fort Wayne-Huntington-Auburn, IN (#258)
    Core Based Statistical Area (CBSA): Fort Wayne, IN (#23060)
    CBSA Metro Statistical Area: Fort Wayne, IN (#23060)
  • Financial Summary
  • Total assets: $84.3 mil
    Equity capital: $9.0 mil
    Deposits held in domestic offices: $73.2 mil
    Return on assets (ROA): 0.74% ($0.6 mil)
    Quarterly return on assets: 0.47% ($0.4 mil)
    Return on Equity (ROE): 7.08% ($0.6 mil)
    Quarterly return on equity: 4.47% ($0.4 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.97% ($817.8 mil)
    Quarterly Pretax return on assets: 0.72% ($607.1 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 24Total employees (full-time equivalent)
  • $84,314Total assets
  • $10,339Cash and due from depository institutions
  • $9,701Interest-bearing balances
  • $16,841Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $51,937Net loans & leases
  • $1,107Loan loss allowance
  • $0Trading account assets
  • $1,464Bank premises and fixed assets
  • $0Other real estate owned
  • $61Goodwill and other intangibles
  • $84,314Life insurance assets
  • $3,672All other assets
  • $75,339Total liabilities and capital
  • $73,235Total liabilities
  • $59,268Total deposits
  • $73,235Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,207Trading liabilities
  • $0Other borrowed funds
  • $897Subordinated debt
  • $8,975All other liabilities
  • $8,975Total equity capital
  • $8,975Total bank equity capital
  • $0Perpetual preferred stock
  • $538Common stock
  • $4,862Surplus
  • $3,575Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $416Long-term assets (5+ years)
  • $78,479Average Assets, year-to-date
  • $12,501Average Assets, quarterly
  • $83,348Volatile liabilities
  • $84,492Insider loans
  • $56,495FHLB advances
  • $83,623Loans and leases held for sale
  • $1,389Unused loan commitments
  • $1,389Tier 1 (core) risk-based capital
  • $8,250Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,844Restructured Loans and leases
  • $1,127Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,438Total interest income
  • $588Total interest expense
  • $2,850Net interest income
  • $20Provision for loan and lease losses
  • $395Total noninterest income
  • $1Fiduciary activities
  • $153Service charges on deposit accounts
  • $0Trading account gains & fees
  • $241Additional noninterest income
  • $2,427Total noninterest expense
  • $1,294Salaries and employee benefits
  • $350Premises and equipment expense
  • $783Additional noninterest expense
  • $798Pre-tax net operating income
  • $9Securities gains (losses)
  • $191Applicable income taxes
  • $616Income before extraordinary items
  • $0Extraordinary gains - net
  • $616Net income attributable to bank
  • $0Net charge-offs
  • $616Cash dividends
  • -$22Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.44%Yield on earning assets
  • 0.76%Cost of funding earning assets
  • 3.68%Net interest margin
  • 0.51%Noninterest income to earning assets
  • 3.14%Noninterest expense to earning assets
  • 0.73%Net operating income to assets
  • 0.74%Return on assets (ROA)
  • 0.97%Pretax return on assets
  • 7.08%Return on equity (ROE)
  • 7.08%Retained earnings to average equity (YTD only)
  • -0.04%Net charge-offs to loans
  • -90.91%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 74,792Assets per employee
  • 3.51%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.09%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 70.92%Net loans and leases to core deposits
  • 72.52%Equity capital to assets
  • 10.64%Core capital (leverage) ratio
  • 9.87%Tier 1 risk-based capital ratio
  • 14.60%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $83,348Average earning assets
  • $8,697Average equity
  • $77,387Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $56Managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 8Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $56Other retirement accounts
  • $56Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 2 Indiana Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01223Ossian State Bank102 North Jefferson Street, Ossian, IN 46777October 19, 1912Full Service Brick and Mortar
    1190208Bluffton Branch111 East Oak Forest Drive, Bluffton, IN 46714October 26, 1998Full Service Brick and Mortar

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